On October 24, a series of banks sharply increased interest rates.

Bac A Bank has just raised interest rates for the second time this month, while many other banks are offering super attractive deposit packages, the highest being up to 9%/year.

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The deposit market continued to be active in the fourth week of October when many banks simultaneously raised deposit interest rates. This development shows that the pressure to mobilize capital is clearly increasing in the context of the peak credit demand at the end of the year.

Bac A Bank increased interest rates for the second time this month

Bac A Commercial Joint Stock Bank (Bac A Bank) has just continued to adjust the deposit interest rate for the second time in October 2025, just after the first increase on October 9. In the new adjustment, the bank increased by 0.2 percentage points/year for terms of 6-11 months and increased by 0.3 percentage points/year for terms of 12-36 months.

This move applies simultaneously to both groups of customers with deposits under 1 billion VND and from 1 billion VND or more.

After adjustment, interest rates for deposits under VND1 billion at Bac A Bank were raised to 5.6%/year for 6-8 month terms; 5.65% for 9-11 month terms; 5.8% for 12 month terms; 5.9% for 13-15 month terms and 6.1% for 18-36 month terms.

For customers depositing 1 billion VND or more, the interest rate is correspondingly higher, ranging from 5.8% to 6.3%/year - also the highest public interest rate in the current banking system.

Since the beginning of October, six banks have increased deposit interest rates, including GPBank, NCB, Vikki Bank, Bac A Bank, VCBNeo and HDBank ; of which Bac A Bank is a rare unit that has adjusted its interest rates twice in a row in just one month.

Common interest rate above 6%/year

For individual customers, interest rates above 6%/year are appearing more and more, especially in small and medium-sized banks.

Vikki Bank listed 6%/year for 6-month term, 6.2% for 12-13 month term; Cake by VPBank applied 6%/year for 12-36 month term; HDBank has 6-6.1%/year for 15-18 month term; BVBank paid 6-6.1%/year for 48-60 month term. Viet A Bank and Bac A Bank also maintained 6-6.1%/year for long terms of 18 months or more.

Highest interest rate from 6.5-9%/year

Besides the group of banks adjusting the basic interest rate, some banks launched special interest rate programs, ranging from 6.5-9%/year, but only applied to customers with very large deposits or meeting specific conditions.

At PVcomBank, customers depositing at least VND2,000 billion for a 12-13 month term can enjoy an interest rate of 9%/year - the highest rate on the market today. HDBank listed 8.1%/year for a 13 month term and 7.7% for a 12 month term, requiring a minimum balance of VND500 billion.

Other banks also recorded high interest rates: Vikki Bank applied 7.5%/year for terms of 13 months or more (minimum deposit of VND 999 billion), LPBank paid a maximum of 6.5%/year for customers depositing from VND 300 billion, IVB reached 6.15%/year for terms of 36 months with deposits from VND 1,500 billion, and ACB applied 6%/year for terms of 13 months for customers with over VND 200 billion.

The trend of rising interest rates may continue.

According to analysts, the fact that many banks simultaneously increased deposit interest rates in October is a signal that liquidity pressure and the demand for medium- and long-term capital are increasing. Along with that, the credit disbursement cycle during the peak season at the end of the year and the recovery in consumption force banks to prepare capital sources early.

Experts predict that if interbank interest rates continue to maintain an upward trend, retail deposit interest rates may increase by another 0.1-0.3 percentage points in the coming time, before stabilizing again in early 2026.

According to VNA

Source: https://baohaiphong.vn/ngay-24-10-hang-loat-ngan-hang-tang-manh-lai-suat-524443.html